FTX FTT Token Crashed – This Is Why

The CEO of Binance, Changpeng Zhao, recently revealed that the cryptocurrency exchange would be selling all of its holdings in FTT, the native token of exchange FTX. The CEO said that Binance had planned to withdraw from FTX equity last…

FTX FTT Token Crashed - This Is Why

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The CEO of Binance, Changpeng Zhao, recently revealed that the cryptocurrency exchange would be selling all of its holdings in FTT, the native token of exchange FTX.
The CEO said that Binance had planned to withdraw from FTX equity last year.

Zhao claimed that the choice was made soon after some recent revelations.
The exchange’s post-exit risk management has included liquidating the FTX tokens, suggesting that it has learned from the Terra Luna Classic (LUNC) crash and how it affected the market players.
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